Intel declares 'best quarter ever,' after 34% annual jump in revenue

Chipmaker Intel Corp. has posted its earnings for the second quarter of 2010, and with revenue of $10.8 billion and a net income of $2.9 billion, declared it to have been the company's best quarter ever.

Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history," said Paul Otellini, Intel president and CEO. "Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future."

Intel's Atom line of low-profile, low power chipsets was up 16% over last quarter, reaching revenue of $413 million, and with a slightly higher average selling price for processors, the company had record high revenues in both its mobile processor and server microprocessor categories.